Workers’ Compensation Insurance in Moreno Valley, CA
Workers’ compensation insurance is a type of business insurance that may provide financial assistance to employees who experience work-related injuries or illnesses. It’s essential because it protects both employees and employers; it may cover medical expenses, lost wages and rehabilitation costs while reducing the risk of costly lawsuits for the employer.
What Is the Purpose of Workers’ Compensation Insurance? 
Workers’ compensation coverage is designed to financially support employees who are injured or become ill while performing their duties. It may provide the following benefits:
- Medical treatments
- Physical therapy
- Lost wages
- Temporary and permanent disability benefits
- Job displacement benefits
- Death/dependent benefits
Under California law, employers must carry a workers’ compensation policy, even if they only have one employee. Failing to comply can lead to fines, business closure or, in severe cases, criminal charges. Exceptions and specific rules may apply, so it’s essential to consult an insurance agent to ensure your business meets all legal requirements.
Who Is Covered by Workers’ Compensation Insurance?
Workers’ compensation policies typically cover full-time and part-time employees and some temporary workers, depending on state laws. Independent contractors, freelancers, and volunteers are generally excluded unless expressly stated in the policy. Coverage applies to injuries sustained on the job, including sudden accidents and conditions caused by repetitive motion or exposure to hazardous materials.
How Much Is Coverage?
Workers’ compensation insurance costs vary per policy. Industries with high risks, such as construction, transportation and mining, typically have higher insurance premiums due to the increased likelihood of workplace injuries. Most insurance providers calculate premiums based on factors such as the following:
- Industry
- Workforce size
- Job classifications
- Risk levels
- Claims history
Contact Us
The knowledgeable agents of [email protected] are happy to discuss affordable options with you. Contact us today to receive a workers’ compensation insurance quote.